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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Total set to invest in Qatar's solar sector

              The Peninsula

              May 5, 2016
              in Renewable Energy
              0

              Total, global energy giant, plans to invest in Qatar’s emerging solar energy sector, it was revealed during a press conference in Doha on 2 May.

              The energy giant has its sights set on investing in Qatar’s solar sector by establishing partnerships with local companies, according to Patrick Pouyanne, the French energy Group’s chairman and CEO.

              “We have learnt recently that Qatar Petroleum (QP) is establishing a new company in partnership with Qatar Electricity and Water Company (QEWC), the main producer of utilities in Qatar, in order to develop some solar farms in the country,” said Pouyanne, who was here to mark the 80th anniversary celebrations of the company’s presence in Qatar.

              He added: “We have established solar business in Abu Dhabi, and would be pleased to do in Qatar as well. We discussed with officials concerned and intend to study it seriously to establish a joint venture between SunPower and the new company.”

              SunPower designs and manufactures crystalline silicon photovoltaic cells, roof tiles and solar panels and Total, Europe’s third largest oil company, owns majority stakes in SunPower.

              The QEWC and QP have signed a Memorandum of Understanding (MoU) to establish a 60:40 JV with an initial capital of about QAR1.82bn ($500m) to develop a solar power project with a capacity of 1,000 megawatt, The Peninsula reports.

              Commenting about the impact of oil price volatility on the future of renewables Pouyanne said that if the current oil price persists (which he does not expect) it may put some pressure and lower the growth pace of renewable sources of energy, because the sector partly emerged owing to the prices of oil being very high.

              This drove the push for energy efficiency and generated a pursuit for alternative forms of power.

              “If the price of oil remains too low, this will neither be good for energy efficiency nor for renewables, as we have witnessed significant improvements in solar technology which has resulted in the continuous decline in the cost,” he added.

              Pouyanne said that the oil market is expected to rebalance by year-end or early 2017.

              “But we at Total will continue investing about $500m in renewables per year, and continue working to lower the cost further.”

              He said that Total has submitted an offer to QP on bidding for Al Shaheen Oil Field, and would be happy to be selected.

              Al Shaheen is a big field located off the north east coast of Qatar in the Arabian Gulf, 80 kilometres north of Doha, with a production capacity of over 300,000 barrels per day.

              He added: “We are not only producing oil and gas in Qatar.

              “We have developed a full spectrum of business activities in the country, including refining, lubricants and petrochemicals, and adding value to almost all segments of our activities in Qatar.”
              The Peninsula
              5 May

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